SBA Communications
SBAC
516 hedge funds and large institutions have $17.7B invested in SBA Communications in 2017 Q4 according to their latest regulatory filings, with 101 funds opening new positions, 170 increasing their positions, 182 reducing their positions, and 38 closing their positions.
166% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 38
13% more funds holding
Funds holding: 458 → 516 (+58)
9% more capital invested
Capital invested by funds: $16.2B → $17.7B (+$1.46B)
0% more funds holding in top 10
Funds holding in top 10: 23 → 23 (0)
7% less repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 182
1.25% less ownership
Funds ownership: 93.52% → 92.27% (-1.2%)
14% less call options, than puts
Call options by funds: $41.5M | Put options by funds: $48.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$150M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$137M |
| 3 |
Renaissance Technologies
New York
|
+$118M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$108M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$87.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$317M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$258M |
| 3 |
SCP
Soroban Capital Partners
New York
|
-$134M |
| 4 |
MG
Meritage Group
San Francisco,
California
|
-$115M |
| 5 |
SIG
Senator Investment Group
New York
|
-$90M |
SBAC Hedge Fund Activity: Q4 2017 in Review
516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2017, worth a combined $17.7B — up 9% from $16.2B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new SBAC positions and 38 closed out — a net gain of 63 holders — while 170 added to existing stakes and 182 trimmed.
The largest buyer was Brookfield Corp, opening a new position worth an estimated $150M. The largest seller was T. Rowe Price Associates, cutting an estimated $317M.
- 516 institutional investors held SBA Communications (SBAC) as of Q4 2017, up from 458 in Q3 2017.
- Funds reported $17.7B of SBA Communications stock for Q4 2017, up 9% quarter-over-quarter.
- 101 funds opened new SBA Communications positions in Q4 2017 and 38 closed out, a net change of +63 holders.
- The largest SBA Communications buyer in Q4 2017 was Brookfield Corp, an estimated $150M added.
- The largest SBA Communications seller in Q4 2017 was T. Rowe Price Associates, an estimated $317M sold.
Based on aggregated 13F filings for Q4 2017.